The Asian market is driving global economic growth and India is emerging as the world’s preferred outsourcing hub. According to the CBRE 2017 Asia Pacific Occupier Survey report released last week, multinational as well as Asia Pacific-based companies have aggressive expansion plans for India and China over the next three years. Interestingly, in the Asia Pacific region, more than 80% of Indian respondents plan to hire more people in the next three years. This reflects India’s growing economy, steady progress in enacting regulatory reforms and booming outsourcing and ITES sector.
The report took responses from over 450 multinational companies and real estate consultancies and suggests India’s commercial real estate will get a big boost with these expansion plans.
The major sectors represented included banking and finance (32%), technology and telecommunications (14%), insurance (12%) and manufacturing (12%). “Multinationals’ relentless focus on driving down costs has fuelled Asia Pacific’s booming outsourcing sector,” says the survey
Read more: Hindustan Times